This report is from this week's CNBC's"Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribeThe stock market in India hasn't had the best start to this year.
Morgan Stanley pointed out that stocks last year, for the first time in eight years, performed worse than bonds and gold . Morgan Stanley says the central government is likely to reduce the deficit in February when it unveils its budget, which could lower bond yields and benefit listed companies from lower borrowing costs.
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